Jonesborough, TN - GPM Investments, LLC
101 E. Jackson Boulevard, Jonesborough, TN
$3,156,000
Price
6%
Cap Rate
$189,345
NOI
Overview
Description
• The lease features a corporate guaranty by GPM Investments, a reputable brand with 3,200+ units nationwide and S&P B+ credit score
• 13+ years of lease term remaining on the original 15-year base term
• 10% rental increases every five years
• The asset is situated off East Jackson Boulevard with traffic counts that exceed 28,700 vehicles per day on average
• The subject property is positioned between two grocery-anchored retail corridors, effectively driving consumer activity
• National credit tenants in the immediate trade area include; Hardee’s, McDonalds, Advanced Auto Parts, Burger King, Tractor Supply and more
• Strong tenant synergy promotes crossover shopping to the subject property
Listing ID: a288X0000075d8gQAA